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Cable Update (GBPUSD)

  • #687,781
  • Sep 25, 2022 11:33pm Sep 25, 2022 11:33pm
Quoting Pat Chiko
The difference in the day! The UK is pursuing tax cuts and spending (borrowing) £150B to subsidize the energy costs for Britons. Because of this and not a sufficient action from BoE, British bonds are selling off sharply. There is a high risk of default for the UK this winter! Time to visit the UK - everything is on sale.....
So wish I was working back in Norway, Gas and Oil, loved the weak pound back in 2012
  • #687,782
  • Sep 25, 2022 11:34pm Sep 25, 2022 11:34pm
Quoting Pat Chiko
The difference in the day! The UK is pursuing tax cuts and spending (borrowing) £150B to subsidize the energy costs for Britons. Because of this and not a sufficient action from BoE, British bonds are selling off sharply. There is a high risk of default for the UK this winter! Time to visit the UK - everything is on sale.....
no the reason for the fall is people are worried how are they going to fund the tax cuts. It has nothing to do with high energy bills. gilts are rising and it will be difficult to finance the high debt. it is all connected to the bond market
  • #687,783
  • Sep 25, 2022 11:36pm Sep 25, 2022 11:36pm
Quoting giveachance
BOE have 30 billion in forex reserves. even 5 billion should be sufficient here. dont try to test their resolve. https://assets.publishing.service.go...March_2022.pdf FED are anyways going to get fucked 6 months down the line.
Okay lets say BOE spend its 30bn for intervention. In that process, many positions will be liquidated but that doesnt change the view that UK economy is a sh*thole. Eventually, the downtrend will resume.
More time in the market, does not mean you trade better!
  • #687,784
  • Sep 25, 2022 11:40pm Sep 25, 2022 11:40pm
Quoting Fardeen1209
{quote} Okay lets say BOE spend its 30bn for intervention. In that process, many positions will be liquidated but that doesnt change the view that UK economy is a sh*thole. Eventually, the downtrend will resume.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,785
  • Sep 25, 2022 11:40pm Sep 25, 2022 11:40pm
Quoting Fardeen1209
{quote} Okay lets say BOE spend its 30bn for intervention. In that process, many positions will be liquidated but that doesnt change the view that UK economy is a sh*thole. Eventually, the downtrend will resume.
yes. but they wont intervene just because everyone wants them to do but eventually BOE will step in big time. FED, ECB, BOJ all will join hands.
  • #687,786
  • Sep 25, 2022 11:41pm Sep 25, 2022 11:41pm
Quoting trumps
{quote} In keeping with this, we could see a GU rise to 4hr resistance around the 1.12 region, before a potential drop below 1.07 {image} {image} {image} {image}
Or it could just implode from the open
Compulsions can be hard to resist
  • #687,787
  • Sep 25, 2022 11:42pm Sep 25, 2022 11:42pm
Quoting PatienceFx
{quote} never hedge your trades, it is very tough to get out
Agreed. Sooner or later you still need to withdraw real money.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #687,788
  • Sep 25, 2022 11:43pm Sep 25, 2022 11:43pm
Quoting giveachance
{quote} yes. but they wont intervene just because everyone wants them to do but eventually BOE will step in big time. FED, ECB, BOJ all will join hands.
Will see! It may be possible if FED reduce its pace of rate increase.
While BOE hike by almost 75-100bps(For sure next meeting).
and ECB also saving its Euro.
More time in the market, does not mean you trade better!
  • #687,789
  • Sep 25, 2022 11:45pm Sep 25, 2022 11:45pm
Quoting Whale
{quote} Why to watch? Sleep
Bought this and held for 1 minute.
Booked 40 dollars
Intraday only.
  • #687,790
  • Sep 25, 2022 11:50pm Sep 25, 2022 11:50pm
Japan has lowest interest rate. Japan's stock index is testing this trend line on weekly chart. If break in trend line brings more selling, then other stock markets may follow it, which may finally result in more USD buying and other currencies going down.
Attached Image (click to enlarge)
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  • #687,791
  • Sep 25, 2022 11:50pm Sep 25, 2022 11:50pm
Kuroda will speak in 45mins. Any idea what idea will he put on the table?
Mind to make some extra $$ on UJ
More time in the market, does not mean you trade better!
  • #687,792
  • Sep 26, 2022 12:00am Sep 26, 2022 12:00am
As a novice,
i want to know what will happen if UK is declared default!
More time in the market, does not mean you trade better!
  • #687,793
  • Sep 26, 2022 12:07am Sep 26, 2022 12:07am
This is all that matters, everything else is just hearsay....
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  • #687,794
  • Sep 26, 2022 12:08am Sep 26, 2022 12:08am
Quoting Waveskierrob
This is all that matters, everything else is just hearsay.... {image}
Time to scalp long ?.
I copy
Attached Image (click to enlarge)
Click to Enlarge Name: gu 107.jpg Size: 84 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,795
  • Sep 26, 2022 12:09am Sep 26, 2022 12:09am
Quoting Fardeen1209
As a novice, i want to know what will happen if UK is declared default!
Gathered some materials
Attached Image (click to enlarge)
Click to Enlarge Name: Sovereign Default.png Size: 51 KB
More time in the market, does not mean you trade better!
  • #687,796
  • Sep 26, 2022 12:13am Sep 26, 2022 12:13am
pound got pounded again
this time really huge crash till futures halted
to be continued..
PDX adjusts risk, not scales..
  • #687,797
  • Sep 26, 2022 12:21am Sep 26, 2022 12:21am
Quoting Pat Chiko
{quote} Time to scalp long ?. I copy{image}
GU

All set.
Whichever comes first.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 001.jpg Size: 87 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,798
  • Sep 26, 2022 12:24am Sep 26, 2022 12:24am
Ready to buy this beast shortly.
WARNING: This post warps space and time in its vicinity.
  • #687,799
  • Sep 26, 2022 12:39am Sep 26, 2022 12:39am
need one more beat a little south to take low of day liquidity
https://breakpullback.com
  • #687,800
  • Sep 26, 2022 12:39am Sep 26, 2022 12:39am
Quoting cloggie
{quote} I use 2 hours before London open as a benchmark range, once broken after London opens tells me the direction for the day and I then find entries based on ranges.
Ok
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